Article

Negotiations to revive the Tulu Moye Geothermal project in Ethiopia are underway after operations were suspended in 2024 due to security and financial issues. The project, which aims to generate 150 MW, is facing challenges related to geothermal resource availability and stricter financing requirements, prompting developers to seek guarantees for foreign currency and profit repatriation. A new negotiation committee is working to address these concerns and finalize discussions, although uncertainties about the original agreement and accountability for delays remain.